Latest finance news – Page 156
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NewsJD Sports enters talks with Debenhams over rescue bid
Sports fashion retailer JD Sports has entered exclusive talks with Debenhams over a rescue bid that could secure the future of the struggling department store chain.
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NewsFashion etailer In The Style ponders £100m IPO
Online fashion specialist In The Style is mulling a flotation that could value it at approximately £100m.
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NewsClarks creditors approve CVA opening door to new investment
Clarks’ creditors have approved the company voluntary arrangement proposal it launched earlier this month, allowing it to move the majority of its stores to turnover-based rents and opening the door for external investment.
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NewsConsumer confidence slips to six-month low as coronavirus restrictions tighten
UK consumer confidence fell to its lowest ebb since the spring as coronavirus restrictions tightened, leaving one in three hospitality businesses wondering whether they will survive.
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NewsEdinburgh Woollen Mill brands Jaeger and Peacocks appoint administrators
Edinburgh Woollen Mill Group has appointed administrators for Jaeger and Peacocks.
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NewsKingfisher sales surge as online demand drives growth
Kingfisher has posted a spike in sales during its third quarter as surging ecommerce demand drove its top-line growth.
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NewsRising clothing and food prices push inflation higher
Increases in the cost of both clothing and food prices pushed the UK inflation rate to higher-than-expected levels last month.
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NewsHMV eyes recovery under Putman’s ownership
HMV has announced marginal losses amid the coronaviurs pandemic and owner Doug Putman says he is “positive about the months and years to come”.
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NewsBritish Land reports plunge in value of retail estate
Property group British Land has reported a steep fall in the value of its retail portfolio as CVAs and the Covid outbreak took a toll.
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NewsHalfords profits soar in ‘very strong’ first half
Cycling and motor accessories specialist Halfords has posted a surge in interim profits, helped by demand for bikes during the pandemic.
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NewsOnline sales soar as golden quarter spending moves early and online
Ecommerce sales in the UK had their strongest year-on-year growth since June as golden-quarter spend was brought forward and much of the UK was plunged back into lockdown.
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NewsAsda sales rise as Christmas spending is brought forward
Asda has posted an increase in sales during its third quarter as demand for “key Christmas products” was brought forward.
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NewsWalmart sells majority stake in Japanese supermarket chain Seiyu
US retail giant Walmart has sold its majority stake in Japanese grocery chain Seiyu for $1.6bn, continuing its retreat from international markets.
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NewsTopshop owner Arcadia in talks to secure £30m loan
The Arcadia group led by Sir Philip Green is understood to be urgently seeking fresh funding after the second national lockdown in England put paid to its recovery plans.
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NewsJD Sports mulls Debenhams rescue bid
JD Sports has emerged as a prospective bidder for the Debenhams and is understood to be running due diligence on the business.
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NewsStores might never reopen if lockdown extended, retail bosses warn
More than 60 high street bosses have signed a letter calling for the lockdown in England to not be extended beyond December 2.
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NewsJD Sports’ Footasylum deal revived as CMA verdict quashed
JD Sports’ acquisition of Footasylum could be back on after the Competition and Markets Authority’s decision to block the deal was sensationally quashed.
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NewsNew Asda owners sell stake in EG Group empire
Asda’s new owners the Issa brothers have offloaded a stake worth hundreds of millions of pounds in their EG Group petrol forecourts business.
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NewsFarfetch losses spiral despite sales gains
Farfetch has suffered widening losses during its third quarter despite a spike in sales.
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NewsBurberry ‘encouraged’ by recovery despite sales slide
Burberry has recorded a sharp drop in profits and sales amid the pandemic, but has seen shoots of recovery in certain regions.